Is it really necessary to have 30 pairs of expensive shoes yet live in a crappy apartment?

In the hood, there are people with $300 shoes yet live in a crappy cockroach and rat infested apartment. Is it necessary to look "fresh" yet live in a shitty place and have no car yet need your haircut every week and wear designer clothes? Have the latest apple phone but no career? Or a manicure and a designer bag but never wear makeup or do your hair to go along with it?